Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 900 shares of Alamo Group stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $114.39, for a total value of $102,951.00. Following the transaction, the vice president now owns 11,150 shares in the company, valued at approximately $1,275,448.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Alamo Group, Inc. (NYSE:ALG) traded up $0.76 during mid-day trading on Monday, reaching $116.91. The company’s stock had a trading volume of 52,008 shares, compared to its average volume of 59,196. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.34 and a current ratio of 3.87. The firm has a market capitalization of $1,353.02, a PE ratio of 30.65 and a beta of 0.94. Alamo Group, Inc. has a one year low of $71.67 and a one year high of $120.58.
Alamo Group (NYSE:ALG) last posted its earnings results on Thursday, March 1st. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $243.26 million during the quarter, compared to analysts’ expectations of $229.40 million. Alamo Group had a return on equity of 12.07% and a net margin of 5.54%. analysts predict that Alamo Group, Inc. will post 5.37 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of ALG. Parametric Portfolio Associates LLC increased its stake in Alamo Group by 87.0% during the second quarter. Parametric Portfolio Associates LLC now owns 17,077 shares of the industrial products company’s stock worth $1,551,000 after acquiring an additional 7,946 shares during the last quarter. State Street Corp increased its stake in Alamo Group by 5.7% during the second quarter. State Street Corp now owns 225,191 shares of the industrial products company’s stock worth $20,447,000 after acquiring an additional 12,110 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Alamo Group during the third quarter worth $210,000. Chicago Equity Partners LLC increased its stake in Alamo Group by 120.0% during the third quarter. Chicago Equity Partners LLC now owns 18,920 shares of the industrial products company’s stock worth $2,031,000 after acquiring an additional 10,320 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Alamo Group by 226.2% during the third quarter. American Century Companies Inc. now owns 73,931 shares of the industrial products company’s stock worth $7,938,000 after acquiring an additional 51,270 shares during the last quarter. 91.51% of the stock is owned by institutional investors.
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About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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